Microsoft cuts 10,000 jobs – read CEO Satya Nadella's email announcing the layoffs

Microsoft cuts 10,000 jobs – read CEO Satya Nadella’s email announcing the layoffs

Satya Nadella emailed staff on Wednesday to notify them about layoffs. Microsoft announced plans on Wednesday to reduce its headcount by 10,000 positions. CEO Satya Nadella told employees the company was "living through times of significant change." Read the email sent to Microsoft staff announcing its layoff plans. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Microsoft announced plans to cut its workforce by 10,000 people on Wednesday, warning employees it was "living through times of significant change." In an email sent to Microsoft employees seen by Insider and posted on its blog , Microsoft CEO Satya Nadella said the tech giant would lay off 5% of its workforce over the coming months, with some notifications happening immediately. "These are the kinds of hard choices we have made throughout our 47-year history to remain a consequential company in this […]

Party City files for bankruptcy as inflation dampens sales

Party City files for bankruptcy as inflation dampens sales

Reemergence of physical retail ‘exceptionally strong’ since pandemic: Tom McGee 00:00 00:0006:36GO LIVE Facebook Twitter Email Embed SpeedNormal Autoplay Party City — the leading U.S. party goods and Halloween supplies specialty retailer — has filed for Chapter 11 bankruptcy protection to cut debt following dwindling sales. The company, based in Woodcliff Lake, New Jersey, said that its franchise stores, subsidiaries outside of the U.S. and its foil balloons Anagram business are not part of the restructuring and will remain core components of its business. The chain is planning an expedited restructuring that it said would substantially lower its debt and free up cash. The company has secured a commitment for $150 million in debtor-in-possession financing. It said the financing, which is subject to court approval, would provide ample cash to continue operations. In November, the New York-based chain warned in its third-quarter earnings report that due to an uncertain economic environment, the company could not make assurances that it could generate enough cash or that future borrowings would be sufficient to repay indebtedness or fund other liquidity needs. Party City had net debt of $1.75 billion as of Sept. 30 and cash of just $29.8 million. The company used […]

First Community Credit Union is January Business of the Month

First Community Credit Union is January Business of the Month

The Jamestown Area Chamber of Commerce Ambassadors and Young Professionals of Jamestown recently presented the January Business of the Month Award to First Community Credit Union. The nomination cited FCCU treating members like family, raising funds for causes and helping the community. The chamber honors businesses that provide superior customer service, exhibit community spirit and provide a positive economic impact to the community. To nominate a business for the award, visit the chamber office or online at www.jamestownchamber.com.

Technical Advisor, Digital Transformation

Technical Advisor, Digital Transformation

Overview The Clinton Health Access Initiative, Inc. (CHAI) is a global health organization committed to saving lives and reducing the burden of disease in low-and middle-income countries, while strengthening the capabilities of governments and the private sector in those countries to create and sustain high-quality health systems that can succeed without our assistance. For more information, please visit: http://www.clintonhealthaccess.org . CHAI is an Equal Opportunity Employer, and is committed to providing an environment of fairness, and mutual respect where all applicants have access to equal employment opportunities. CHAI values diversity and inclusion, and recognizes that our mission is best advanced by the leadership and contributions of people with diverse experience, backgrounds, and culture. Background: Founded in 2002, by President William J. Clinton and Ira C. Magaziner, the Clinton Health Access Initiative, Inc. (“CHAI”) is a global health organization committed to saving lives, reducing the burden of disease, and strengthening integrated health systems in the developing world. CHAI works with governments in over 35 countries to prevent and treat HIV/AIDs, malaria, tuberculosis, hepatitis, and cancer; accelerate the rollout of lifesaving vaccines; reduce maternal, infant and child mortality; combat chronic malnutrition; and strengthen health systems. We work on large, ambitious projects; […]

CobbleStone Software Releases New Guide on the Importance of Digital Transformation

CobbleStone Software Releases New Guide on the Importance of Digital Transformation

This guide explores the essentials of digital transformation as well as the differences between digitization, digitalization, and digital transformation. PRINCETON, N.J., Jan. 17, 2023 /PRNewswire-PRWeb/ — CobbleStone Software – a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ 2022 report – has released a free guide to help contract professionals recognize vital differences and the effect that digital transformation can have on businesses. This new guide offers an in-depth explanation of digitization, digitalization, and digital transformation as well as what factors cause each and why they matter. Readers can learn how to apply digital transformation for more efficient, centralized business processes – including legal operations digital transformation with contract management software. Click here to read the guide! "We at CobbleStone are excited to share the basics of digital transformation, what drives it, and how it can be applied," says Bradford Jones, Vice President of Sales & Marketing at CobbleStone Software. This is how you can potentially earn extra income every single month.. Benzinga’s full-time trader Chris Capre is sending simple options trade alerts to traders like you. Click Here to get his trades for only $0.99! "We hope that contract managers – and business professionals […]

In Digital Transformation, The Hardest Part Is Discarding The Past

In Digital Transformation, The Hardest Part Is Discarding The Past

Digital transformation requires different management getty Most big firms attempting digital transformations today are frustrated with the results . At least a score of reasons help to explain the failure. But one particular cause stands out: qualms about letting go of the past. Effective digital transformations must recognize the need for a fresh start, re-examining every aspect of management with new eyes, and a passion for enabling real change, not change in name only. In persuading executives to get started on a digital transformation, it can be tempting to understate the scale of the change, or the length of the transformation journey, and talk of building on the past, as if this is simply merely updating practices that are no longer right for the time. Such language removes any hint of implicitly criticizing executives for unwitting mis-steps taken in the past: it offers the solace that they were merely doing what everyone else thought at the time was right. But it risks stimulating the taste for the status quo and inhibiting the growth of the curious mindset that is needed to enable real change. The reality is that effective digital transformation requires a re-imagination of the very concept of […]

Q&A: Jefferson County, Colo., Innovation Program Manager on Digital Transformation

Q&A: Jefferson County, Colo., Innovation Program Manager on Digital Transformation

In Jefferson County, Colo. , Innovation Program Manager Marlin McDaniel heads a team focusing on technology projects that could improve the lives of county citizens and digitalize processes for county employees. McDaniel founded the innovation program in 2018, and since then he’s worked within the county to spearhead initiatives that also have supported state cybersecurity efforts. StateTech Managing Editor Mickey McCarter interviewed McDaniel about ongoing initiatives and measurable success in his county’s innovation efforts. STATETECH: Tell us about your work for Jefferson County. MCDANIEL: The primary focus for our group is to manage digital transformation, to explore emerging technologies for new uses that make the lives of our community members better, easier and more effective when they interact with government, as well as employees when they’re working through their daily jobs. I personally have a team of four professional staff. Right now, I also have eight interns working on a variety of projects that are all focused on digital transformation. We bring on bright, talented students from our local universities. Essentially, they’re looking for trends and they’re looking at ways of using our existing technology, building business cases around them and prototyping them. They may look at digital voice […]

Can Digital Transformation of Health Keep the Pace of Technological Innovation?

Can Digital Transformation of Health Keep the Pace of Technological Innovation?

In 2022, the Global Digital Health Forum hosted its first hybrid conference, gathering over 400 attendees in person and more than 1,000 virtually. While balancing catching up with friends and colleagues and attending sessions (the agenda was packed; watch recorded sessions until March here ) was difficult at times, I used the forum, as always, to reflect on the state of digital health and future trends and challenges. What remains constant is that technological innovation is moving quicker than we can implement it. For example, we are grappling with how to use artificial intelligence to improve health outcomes without introducing additional bias into health care. As we progress from digitizing (adapting processes and tools to digital technologies) to digital transformation (the process of revamping the health sector to maximize the benefits of using information and communications technology to improve service quality and efficiency), we need our enabling environments to keep up with the pace of rapidly changing technology. At the forum, equity , governance , and human resources stood out as important elements of ensuring this. You may think, “Has this author been living under a rock? We have been talking about these topics for years.” Indeed, we have. […]

AWS and SAP Expand Partnership to Accelerate Digital Transformation

AWS and SAP Expand Partnership to Accelerate Digital Transformation

AWS and SAP have announced a new partnership aimed at helping customers accelerate their digital transformation. SAP has been steadily reinventing itself with a focus on cloud computing. CEO Christian Klein made clear in late-2021 that the strategy was working. “Our strategy is clearly working. Customers are choosing SAP for their business transformation in the cloud. We see record adoption of our applications and our platform. This has resulted in strong acceleration of our cloud growth.” The company has been building partnerships with other cloud providers to help customers accelerate their digital transformation and cloud migration. SAP partnered with IBM in early 2022, and has now expanded its partnership with AWS. “AWS and other infrastructure providers are becoming increasingly important to SAP’s business as we help our customers benefit from digital transformation in the cloud with RISE with SAP,” said Elena Ordóñez del Campo, senior vice president and strategic partner officer, SAP. “Building on our partnership of 15 years, we move into the new year with aligned go-to-market teams in every region, an industry-leading portfolio of solutions enabled by our joint reference architecture, and a growing selection of co-innovations — all ready to help accelerate value for our customers. […]

Digital transformation by degrees

Digital transformation by degrees

Property managers Liberty Two Degrees recognise the value of technology and are keenly focused on using digital transformation to benefit both tenants and end-customers. For Andy Higgins, finding success in e-commerce is all about logistics, which is what he and his team will be focussing on as they launch Bob Group, SA’s latest all-in-one e-commerce marketplace. As a precinct-focused real estate investment and development firm, Liberty Two Degrees co-owns a number of property portfolios. These SA-based assets are mostly retail-focused and include Sandton City and Eastgate malls. The company focuses on attracting quality brands into its malls, with its anchor tenant in these centres always one of the major local retailers. According to Pat Masithela, CIO at Liberty Two Degrees, as the mall owner, the company provides its tenants with infrastructure, as well as playing a big role in attracting customers into the malls. “For us, technology is key, and we see digital transformation as a means to accelerate our broader company strategy, which is to create great experiences for tenants, to develop thriving malls, and to deliver great shopping experiences for customers. At the same time, we want to provide our own people with the requisite tools to […]